MercadoLibre, Inc. (NASDAQ:MELI) is X Square Capital LLC's 8th Largest Position

X Square Capital LLC raised its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 64.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,795 shares of the company's stock after acquiring an additional 1,091 shares during the period. MercadoLibre comprises approximately 2.0% of X Square Capital LLC's portfolio, making the stock its 8th biggest holding. X Square Capital LLC's holdings in MercadoLibre were worth $4,752,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Human Investing LLC purchased a new stake in shares of MercadoLibre during the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. raised its stake in MercadoLibre by 220.0% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. lifted its holdings in MercadoLibre by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 8 shares during the period. Heck Capital Advisors LLC bought a new stake in MercadoLibre during the 4th quarter valued at approximately $32,000. Finally, Mather Group LLC. grew its holdings in shares of MercadoLibre by 171.4% during the 4th quarter. Mather Group LLC. now owns 19 shares of the company's stock worth $32,000 after acquiring an additional 12 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and raised their target price for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. The Goldman Sachs Group boosted their target price on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. increased their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Raymond James raised MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price on the stock in a research note on Tuesday, January 21st. Finally, Cantor Fitzgerald lifted their price target on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, MercadoLibre presently has an average rating of "Buy" and a consensus target price of $2,402.81.

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MercadoLibre Trading Down 2.2 %

MELI stock traded down $43.16 during midday trading on Tuesday, reaching $1,907.72. The company's stock had a trading volume of 273,098 shares, compared to its average volume of 375,247. The stock has a fifty day simple moving average of $2,030.68 and a two-hundred day simple moving average of $1,972.33. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The firm has a market capitalization of $96.72 billion, a price-to-earnings ratio of 50.88, a PEG ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. The business had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

MercadoLibre Profile

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.